1inch wallet, a digital wallet owned by investment fund 1inch, has bought massive amounts of ETH in a month. after recently withdrawing from DCA purchases throughout the first quarter of 2023
Lookonchain Blockchain Analytics Platform discovered such transactions according to the company stated A total of 6,088 ETH wallets were purchased by 1inch at $1,655 per ETH, meaning the company spent over $10 million on the purchase.
The trade came after the company had withdrawn and profited from previous movements in the ETH asset, where the wallet bought about 17,000 ETH at an average price of $1,569 per ETH on January 13, February 9 and March 14. And the company spent about $26 million in total on the transaction.
Then, when Ether’s price reached $1,906 on July 5, the wallet sold for around 11,000 ETH worth $21 million, making the wallet profit of $3.7 million from Ether trading alone. Currently, such walletsholdVarious digital assets totaling $80 million
refer : cointelegraph
picture cryptoslate
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